Ielts Academic Writing Task 1 Sample 40

You should spend a maximum of 20 minutes on this task. Write about the following topic: 

The image provides information about the daily changes in closing prices of the S&P 500 and the Nasdaq Composite Index in July and August 2024.

Summarize the information by selecting and reporting the main features, and make comparisons where relevant.

You should write at least 150 words.

The line graph depicts the daily fluctuations in closing prices of the S&P 500 and Nasdaq Composite indices during July and August 2024, demonstrating significant market volatility.

The data reveals substantial daily variations, with both indices experiencing multiple instances of price swings exceeding 2% in either direction. The Nasdaq Composite exhibited more pronounced volatility compared to the S&P 500, as evidenced by its wider amplitude of fluctuations throughout the observed period.

A notable decline occurred in early August, where both indices recorded sharp downward movements, with the Nasdaq Composite reaching approximately -3% in daily change. Conversely, the period also witnessed several robust upward movements, particularly in early August when both indices achieved gains exceeding 2% in a single trading session.

The overall performance from July 1 indicates negative returns for both indices, with the S&P 500 declining by 2.5% and the Nasdaq Composite experiencing a more substantial decrease of 6.1%, underscoring the challenging market conditions during this summer period.